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Information on Kwon Manufacturings activities for its first month of operations follows:

Purchased $101,900 of raw materials on credit.

Materials requisitions show the following materials used for the month.

Job 201	$ 50,100
Job 202	25,500
Total direct materials	75,600
Indirect materials	10,520
Total materials used	$ 86,120

Time tickets show the following labor used for the month.

Job 201	$ 41,100
Job 202	14,500
Total direct labor	55,600
Indirect labor	26,100
Total labor used	$ 81,700

Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate of 80% of direct materials cost.

Transferred Job 201 to Finished Goods Inventory.

Sold Job 201 for $169,460 on credit.

Incurred the following actual other overhead costs for the month.

Depreciation of factory equipment	$ 33,900
Rent on factory building (payable)	690
Factory utilities (payable)	990
Expired factory insurance	4,900
Total other factory overhead costs	$ 40,480

Post entries for transactions a through g to the T-accounts. Each of T-accounts started the month with a zero balance.

RAW Material Inventory

Beginning Balance	0
a.
b.
Ending Balance

Factory Overhead

Beginning Balance	0
Ending Balance

Cost of Goods Sold

Beginning Balance	0
Ending Balance

Work in Process Inventory

Beginning Balance	0
Ending Balance

Finished Goods Inventory

Beginning Balance	0
Ending Balance